|Refers to the check where the payor states "Paid Accordingly "or "Accepted" on the check that has been endorsed by the payee. The responsibility for payment is the same as that for the acceptor of a bill of exchange. If the above statement is made by the payor on the check, then the drawer and the endorsement person are freed of their responsibility. The check has been accepted by the payor who cannot reject the payment based on insufficient funds. The check could only be accepted based on the deposits or the agreed amount stated in a credit contract.